Written by Cointelegraph , Staff Writer.Reviewed by Robert Lakin , Staff Editor.Written by Cointelegraph , Staff Writer.Reviewed by Robert Lakin , Staff Editor.Strategy's Michael Saylor teases BTC buy with 'working better' tweet
Latest NewsPublishedMay 31, 2026Strategy could be set to announce it has resumed buying Bitcoin after pausing in recent weeks as the biggest crypto looks poised to close out the month down more than 3.5%.
Strategy chairman Michael Saylor on Sunday signaled the Bitcoin treasury company would be announcing fresh purchases of the cryptocurrency in the coming days.
The social media post comes just days ahead of a proxy vote that depends in large part on retailer shareholders to enable semi-monthly dividend payouts on the company’s STRC perpetual preferred stock.
“Working Better” was Saylor's tweet late Sunday morning to accompany a bubble chart tracking Strategy’s Bitcoin (BTC) purchases over the past nearly six years. That chart, from Iceland-registered StrategyTracker.com, has been consistently posted by Saylor in the days ahead of news of a purchase by the biggest publicly traded Bitcoin holder.
To be sure, any purchases to be announced will likely reflect the company bought at or below the average cost of previous BTC purchases. While, the average cost of Strategy’s 843,738 Bitcoin is $75,701 apiece, the biggest cryptocurrency by market cap has lost 3.65% of its value during May and was trading at about $73,566 at the time of publication, according to CoinMarketCap data.
“Working Better” tweet. Source: Michael Saylor
Blockstream CEO Adam Back highlighted on Sunday that BTC’s 200-week moving average has pushed far above the $61,000 mark. That moving average is seen by some technical investors as a signal of a long-term upward price trend.
Related: Strategy situation ‘out of hand,’ says Arca exec on $15B preferred stock burden
Retail investors get pressed to vote on STRC dividend change
Strategy is proposing to pay semi-monthly dividends on STRC, instead of monthly. The company claims that if approved and adopted, it will lead to reduced reinvestment lag, enhanced liquidity, market efficiency and increased price stability.
Just days ahead of the June 7 proxy vote deadline, Saylor and Strategy are making a full press to get retail shareholders to return their proxy votes. On an internal company channel, Strategy’s investor relations team posted a message to all employees concerning the company’s 2026 annual meeting and provided links to the proposals under consideration by shareholders.
Part of message to Strategy employees from internal website. Source: Company filing on Edgar
“The amendment for STRC to pay semi-monthly dividends, needs 50% of all 85M shares outstanding as of April 17, 2026, to pass, which means every single vote counts,” read a May 28 post on Strategy’s verified feed on X.com.
CEO Phong Le posted a video a day earlier thanking STRC shareholders for their trust. “I wanted to personally walk you through the proposed amendment and what it means for you,” he said as an introduction to the minute-and-a-half video.
Retail investors have shown limited interest in casting proxy votes. A November research note from The Harvard Law School Forum on Corporate Governance revealed data that showed retail investors have consistently voted only about 29% of their owned shares during the past five proxy voting seasons. Institutional holders have voted about 77%.
Magazine: Guide to the top and emerging global crypto hubs — Mid-2026
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